Meet Pierre

Pierre Beniguel

Portfolio Manager

14 years investment experience

London

TwentyFour Asset Management LLP

8th Floor, The Monument Building, 11 Monument Street

EC3R 8AF London

United Kingdom

Pierre joined TwentyFour Asset Management (TwentyFour) as a portfolio manager in the firm's Multi-Sector Bond (MSB) team in April 2014.

Applying more than 13 years of fixed income experience, Pierre has a particular focus on European corporate bonds.

Prior to joining TwentyFour, Pierre worked in WestLB’s credit trading and special situations divisions. A graduate of University College London, he holds a degree in Mathematics & Economics.

Insights

French result supports European spreads but budget concerns remain

8 Jul 2024 TwentyFour Blog

French result supports European spreads but budget concerns remain

After weeks of volatility following President Emmanuel Macron’s decision to call snap parliamentary elections in France, markets were breathing a sigh of cautious relief on Monday after the far-right Rassemblement National (RN) underperformed the polls.

us dollar - slow down in US economy

7 Nov 2023 TwentyFour Blog

Fed survey points to a slowdown of the US economy

Following yesterday’s publication of the quarterly Senior Loan Officer Opinion Survey (SLOOs) by the Fed, it revealed how lending conditions have evolved over the quarter amongst US banks.

New Issues highlight value opportunities in Fixed Income

4 Sep 2023 TwentyFour Blog

New issues highlight value opportunities in fixed income

Pierre Beniguel gives his thoughts on some of the deals that have caught his eye from the reopening of the primary market after a quiet summer.

A helpful technical

7 Jul 2023 TwentyFour Blog

A helpful technical

As mid-year investment bank reviews hit our screens, we are seeing a shared expectation of spread decompression between IG and HY bonds, signalling rising defaults. Pierre Beniguel argues that tightening HY spreads and resilient performance suggest surprising sector support due to lower issuance and available cash.

4 Apr 2023 TwentyFour Blog

Negative credit migration calls for caution

Despite the recent volatility in the banking sector, corporate credit has remained strong. Pierre Beniguel looks at the interesting rating action which caught attention last week.

24_2023-01-12_Blog_Teaser

12 Jan 2023 TwentyFour Blog

AroundTown: bad call (again)

After shocking investors in November by floating the idea of deferring its hybrid coupons, AroundTown has begun 2023 in similar fashion with a senior bond tender, says Pierre Beniguel.